NYSE:GVA - Granite Construction Stock Price, News, & Analysis

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$46.84 +0.78 (+1.69 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$46.06
Today's Range$46.09 - $46.94
52-Week Range$38.55 - $60.17
Volume451,000 shs
Average Volume317,638 shs
Market Capitalization$2.19 billion
P/E Ratio20.02
Dividend Yield1.13%
Beta1.22
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe rehabilitation services. The Specialty segment constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, and power projects; and undertakes bid-build, design-build, and construction management/general contractor contracts. The Materials segment focuses on production of aggregates, asphalt, and construction related materials, as well as sanitary and storm water rehabilitation products, such as cured-in-place pipe felt and fiberglass-based lining tubes. The company also engages in the construction of streets, highways, mass transit facilities, trenchless and underground utilities, tunnels, dams, and other infrastructure-related projects. In addition, it performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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Industry, Sector and Symbol

Industry Engineering & Construction
Sub-IndustryConstruction & Engineering
SectorConstruction
CUSIP38732810
Phone831-724-1011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.32 billion
Cash Flow$4.5256 per share
Book Value$29.80 per share

Profitability

Net Income$42.41 million

Miscellaneous

Employees2,700
Market Cap$2.19 billion
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable

Granite Construction (NYSE:GVA) Frequently Asked Questions

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Wednesday, February 6th. Shareholders of record on Friday, March 29th will be given a dividend of $0.13 per share on Monday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, March 28th. View Granite Construction's Dividend History.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) posted its quarterly earnings data on Wednesday, February, 20th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.07 by $0.57. The construction company had revenue of $892 million for the quarter, compared to analyst estimates of $966.85 million. Granite Construction had a return on equity of 8.19% and a net margin of 1.28%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. View Granite Construction's Earnings History.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Granite Construction.

What price target have analysts set for GVA?

4 analysts have issued 1-year price objectives for Granite Construction's shares. Their forecasts range from $50.00 to $65.00. On average, they anticipate Granite Construction's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price. View Analyst Price Targets for Granite Construction.

What is the consensus analysts' recommendation for Granite Construction?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Construction.

What are Wall Street analysts saying about Granite Construction stock?

Here are some recent quotes from research analysts about Granite Construction stock:
  • 1. According to Zacks Investment Research, "Granite Construction Inc. is one of the nation's largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honoured as one of the World's Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. " (1/8/2019)
  • 2. Canaccord Genuity analysts commented, "We remain at a BUY rating for GVA despite the Q2 miss, which included significant expenses related to acquisitions. We continue to view GVA as well positioned to capitalize on the better funding environment for infrastructure work and expect projects to translate into accelerating growth from the higher-margin Materials business. Further, we remain positive on the recent water-related acquisitions on the increased exposure ahead of an anticipated strong investment cycle. We are adjusting our estimates to reflect the updated full-year guidance while reducing our price target from $75 to $65." (8/9/2018)

Has Granite Construction been receiving favorable news coverage?

News articles about GVA stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Granite Construction earned a news sentiment score of 1.4 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are some of Granite Construction's key competitors?

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include Mattel (MAT), Ultra Clean (UCTT), General Electric (GE), Twitter (TWTR), Alibaba Group (BABA), American National BankShares (AMNB), Clear Channel Outdoor (CCO), US Foods (USFD), General Motors (GM) and Enterprise Bancorp (EBTC).

Who are Granite Construction's key executives?

Granite Construction's management team includes the folowing people:
  • Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 62)
  • Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 55)
  • Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 56)
  • Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 47)
  • Ms. Jigisha Desai, Sr. VP & CFO (Age 52)

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.84%), Dimensional Fund Advisors LP (5.68%), Northern Trust Corp (2.68%), Victory Capital Management Inc. (2.41%), Macquarie Group Ltd. (2.39%) and Bank of New York Mellon Corp (2.22%). Company insiders that own Granite Construction stock include Claes Bjork, James D Richards, James Hildebrand Roberts, Patricia D Galloway and William Howard Powell. View Institutional Ownership Trends for Granite Construction.

Which institutional investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Boston Partners, State of New Jersey Common Pension Fund D, Victory Capital Management Inc., Frontier Capital Management Co. LLC, Royce & Associates LP, QCI Asset Management Inc. NY and Falcon Point Capital LLC. View Insider Buying and Selling for Granite Construction.

Which institutional investors are buying Granite Construction stock?

GVA stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Skyline Asset Management LP, Amundi Pioneer Asset Management Inc., Bank of New York Mellon Corp, MUFG Securities EMEA plc, MUFG Securities EMEA plc, Dimensional Fund Advisors LP and Monarch Partners Asset Management LLC. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork and Patricia D Galloway. View Insider Buying and Selling for Granite Construction.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $46.84.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $2.19 billion and generates $3.32 billion in revenue each year. The construction company earns $42.41 million in net income (profit) each year or $2.34 on an earnings per share basis. Granite Construction employs 2,700 workers across the globe.

What is Granite Construction's official website?

The official website for Granite Construction is http://www.graniteconstruction.com.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]


MarketBeat Community Rating for Granite Construction (NYSE GVA)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  282 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  586
MarketBeat's community ratings are surveys of what our community members think about Granite Construction and other stocks. Vote "Outperform" if you believe GVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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